Shares of MDA Space fall after posting Q1 profit down from year ago

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MDA Ltd.,Diluted Share,Space Technology

BRAMPTON, Ont. — Space technology firm MDA Ltd. says it earned $13.8 million in net income in its first quarter, down from $16.1 million a year earlier, as...

BRAMPTON, Ont. — Space technology firm MDA Ltd. says it earned $13.8 million in net income in its first quarter, down from $16.1 million a year earlier, as its revenue edged higher.

Revenue for the quarter totalled $209.1 million, up from $201.9 million in the first quarter of 2023. MDA Space shares were down $1.17 or about eight per cent at $13.72 in mid-morning trading on the Toronto Stock Exchange on Thursday.These Canadian stocks could help TFSA investors generate solid tax-free capital gains and dividends. The post TFSA: 4 Canadian Stocks to Buy and Hold Forever appeared first on The Motley Fool Canada.

 

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